China central bank denies reports it told banks to deposit dollars | Reuters

BEIJING China’s central bank has not adopted any measures requiring commercial banks to deposit dollars with it, the People’s Bank of China (PBOC) said on Friday.

Reports that the central bank had ordered such deposits in order to meet liquidity needs were not true, it said on its official account on China’s Twitter-like Weibo.

Current dollar liquidity in the banking system is normal, the central bank added.

(Reporting by Yawen Chen and Elias Glenn; Editing by Clarence Fernandez)

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